[Lea]

My family has tons of medical/dental expenses this year, well over the threshold to claim them as deductions. Let’s say we have $15k of expenses and $5k of that is deductible.

Years later when I’m pulling money from my HSA, how much of that can I access as a tax-free reimbursement? I’m assuming the answer is either $10k or $0.

[Sandra]

If you claim as deductions on your tax return, I’m pretty sure you can’t use HSA to reimburse. It’s one or the other.

[Rick]

Don’t double dip. Unless you determine that the chances of IRS determining a medical expense in 2023 was then used as a few receipts in 50 receipts you use for an HSA withdrawal in 2036. Which is so close to 0% chance that it’s just 0%. But don’t double dip.

[Kent]

$50k annually is probably not going to get you there. Especially if you want to end up with $3 million in today’s dollars.

[Author]

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